Lei Jun, founder and CEO of Xiaomi, speaks at a forum in Wuhan during the 3rd World Internet Conference Wuzhen Summit. Photo: Simon Song

Xiaomi granted US$1b loan to drive its global expansion

Beijing-based smartphone supplier says Hong Kong subsidiary has reached a three-year agreement with group of 18 banks, led by Deutsche Bank and Morgan Stanley

Topic |   Xiaomi

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Lei Jun, founder and CEO of Xiaomi, speaks at a forum in Wuhan during the 3rd World Internet Conference Wuzhen Summit. Photo: Simon Song
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